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Zain Group Q1 revenue flat but EBITDA rises 5%

2016-04-25 09:14:00| Telecompaper Headlines

(Telecompaper) Zain Group said its consolidated revenues reached USD 919 million in the first three months to 31 March, a similar level to the same period in the previous year. The group closed the period serving 45.5 million customers. EBITDA rose by 5 percent to USD 407 million, reflecting an EBITDA margin of 44 percent.

Tags: group flat revenue rises

Zain FY revenue falls 6% to USD 3.78 bln, EBITDA stable

2016-02-10 15:38:00| Telecompaper Headlines

(Telecompaper) Zain Group reported a 6 percent decline in its revenues for 2015 to USD 3.78 billion, while EBITDA was stable at USD 1.66 billion, giving a healthy EBITDA margin of 44 percent. The net profit reached USD 513 million, down 21 percent, reflecting earnings per share of USD 0.13.

Tags: usd falls stable revenue

Zain appoints insider as chief risk officer

2016-01-18 01:00:00| Total Telecom industry news

AbdulGhaffar Setareh tasked with building on telco's group-wide risk management strategy.

Tags: risk chief officer insider

Zain tests 4.5G mobile broadband with Huawei

2015-12-28 09:43:00| Telecompaper Headlines

(Telecompaper) Kuwaiti operator Zain announced the successful testing of the Middle East's first 4.5G mobile broadband technology on its advanced network. Achieved in strategic partnership with Huawei, the test saw the operator's network reach 1 Gbps speeds. Through its strategic partnership with Huawei, Zain is planning to provide new services powered by 4.5G technology, including voice over LTE (VoLTE) and Narrow band IoT machine-to-machine applications.

Tags: mobile tests broadband huawei